moncadadebbie9746 moncadadebbie9746

26-02-2021
Business

contestada

If merchandise costing $500 is sold on account for $620, how is this transaction recorded when using a perpetual inventory system

Respuesta :

trammelmr trammelmr

26-02-2021

Answer:

Explanation:

Debit Accounts Receivable and credit Sales Revenue for $620;

DEBIT: Cost of Goods Sold CREDIT: Inventory for $500

Answer Link

Otras preguntas

Plzzz giving brainilest no cap

A bicycle costs $2,800 per month to operate.The store pays an average of $75 per bike.The average selling price of each bicycle is $115.How many bicycles must

((−3)0x (−5)0)÷ (−6)0

joel is designing a ramp for a bike trick. He draws this diagram. What is the value of x?

Jill has to go to the post office before she drops her 3 children off at the elementary school. She is going straight home after dropping them off. How long is

California Redwood Trees can reproduce using both Sexual and Asexual reproduction. Which offspring would have more genetic variation? Explain your reasoning.

What is the answer for 2/4*7/10

B A С D Use this illustration for the next two questions. 3. What does the above diagram illustrate? a. The circular flow. b. The business cycle. c. Real GDP ve

People may perform aerobic or anaerobic exercise without even knowing it or purposefully engaging in traditional exercise activities. The unit offered several e

Rhonda and Shalene live together in an apartment, so they combine their income each week to pay for their rent and bills. Rhonda's paycheck is modeled by the fu